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The Houston Black Real Estate Association

TSAHC - Enhancements Effective April 3, 2017

  • 13 Mar 2017 9:30 AM
    Message # 4663698
    Bill Price (Administrator)
     

    TSAHC will be making some exciting enhancements to both our down payment assistance (DPA) and mortgage credit certificate (MCC) programs beginning April 3, 2017.  

    Enhancement Highlights:
    • Simplified Income Limits
    • Minimum FICO now 620 (with small price adjustment for 620-639 only)
    • Lower Fees
    • AUS approval accepted - no DTI max
    • Manual underwrites allowed on FHA loans (43% DTI max) at no extra cost
    • Texas Heroes will receive Free MCC ($500 savings) if using our DPA/MCC combo program

    The above will ONLY apply to new reservations on or after April 3rd. Further detail on these changes can be found here. TSAHC is able to make most of these enhancements due to a new master servicer relationship with Lakeview Loan Servicing. 

    Questions? Contact the Homeownership Team.

    | (877)508-4611 | www.tsahc.org |


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